Indian Rupee up 29 paise against US dollar in early trade

Mumbai, India (BBN)-Indian rupee rose by 29 paise to 64.74 against the dollar in early trade on Thursday on increased selling of the US currency by exporters.

The dollar was trading lower against major world currencies after weak US retail sales data fuelled hopes that the US Federal Reserve will delay an interest rate hike, reports the PTI.
Stock markets were also in the positive zone in line with Asian markets which also supported the rupee, dealers said.
The US Commerce Department on Wednesday said retail sales rose half as much as expected in September.
The rupee had gained 15 paise to close at 65.03 per dollar Wednesday.
BBN/SK/AD

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